The rules that will govern the world’s most ambitious climate pact were approved on Saturday by the nearly 200 countries that signed the Paris climate agreement, following two weeks of Continue Reading
Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela’s state-run PDVSA, local media said on Saturday. The refinery has been Continue Reading
Qatar Petroleum signed a deal with Italy’s Eni late Sunday to acquire a 35% stake in three offshore oilfields in Mexico, QP said in a statement. Receive daily email alerts, Continue Reading
Mexican state-run oil giant Petroleos Mexicanos will focus on existing shallow water assets and refining next year at the expense of riskier, deepwater projects under a new government that has Continue Reading
There have been many unfulfilled expectations and disappointments in the energy market during 2018. At the beginning of the year, I listed four issues for readers to watch. • Renewables, Continue Reading
A group of shareholders led by New York state and the Church of England is calling on ExxonMobil, the world’s largest listed oil company, to set targets for cutting its Continue Reading
Germany’s economy minister said he believed the Russian-backed Nord Stream 2 pipeline can go ahead while preserving Ukraine’s vital interests, but that Berlin is also in talks to diversify its Continue Reading
Russia’s Gazprom Export sold another huge volume of gas on its Electronic Sales Platform (ESP) on Friday for Q1 2019 delivery, with a total of 123 million cu m sold. Continue Reading
This year, international delegates gathered in Katowice, Poland for the thirty-second international climate meeting in 40 years. As they dithered over whether they should “welcome” or “note” the 1.5°C pathways Continue Reading
The Trump Administration released the Fourth National Climate Assessment on Friday November 23, which concluded: “time is running out” to correct a coming climate catastrophe. Make no mistake about it, Continue Reading
Oil prices dropped about 2 percent on Friday, weighed down by falling U.S. stock markets, while weak economic data from China pointed to lower fuel demand in the world’s biggest Continue Reading
Global Growth: The strength of the global economy once again came into question Friday after Chinese data showed a slowdown in industrial production in November. Meanwhile, growth in retail sales Continue Reading
Baker Hughes reported a 4-rig decrease for oil and gas in the United States this week—a loss in rigs for the third week in a row. The four-rig decline was Continue Reading
Oil prices plummeted further on Friday, despite a semi-bullish rig count report and the combined efforts of OPEC and its partners. . The OPEC+ deal put “a floor” beneath oil Continue Reading
Libya’s state-owned National Oil Corp. (NOC) said it was against paying a ransom to an armed group that has halted crude production at the country’s largest oilfield. “Any attempt to Continue Reading
Nigerian oil minister, Ibe Kachikwu, projects that Nigeria may increase output by about 60 percent within two years. Kachikwu (L) is shown here during a visit to Italy in January Continue Reading
Libya’s National Oil Corporation said it would not pay a “ransom” to have the armed militiamen that shut down the field last week lift their blockade, the company’s chairman said Continue Reading
Minister of State for Petroleum Resource, Dr. Ibe Kachikwu yesterday said the President Muhammadu Buhari-led government has not spent a dime on the country’s four refineries, an achievement not many Continue Reading
Sao Paulo — Venezuela’s largest steelmaker Sidor is expected to finish 2018 at its lowest output level in the history, according to production data. According to sources, the company produced Continue Reading
Pump more oil in three years! That is new Mexican President Andrés Manuel López Obrador’s ultimatum to his country’s oil industry. The left-wing nationalist has announced an ambitious 75bn peso Continue Reading
A sharp slowdown in Chinese spending growth and manufacturing added to the gathering gloom around the international economy on Friday, sending financial markets lower around the world at the prospect Continue Reading
China’s consumers and businesses are losing confidence. Car sales have plunged. The housing market is stumbling. Some factories are letting workers off for the big Lunar New Year holiday two Continue Reading
Chinese refinery runs stood at 12.28 million bpd last month, higher than the same time last year but lower than the previous month and the month before, when runs reached Continue Reading
U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to reduce the number of active Continue Reading
Suncor Energy Inc, Canada’s second-largest energy producer, said on Friday it expects average upstream production to rise 10 percent in 2019, even after implementing Alberta’s mandated output cuts. Alberta has Continue Reading
Relatively steady U.S. economic numbers—including a robust report on consumer spending from the Commerce Department—haven’t calmed the markets. Maurice Obstfeld, the retiring chief economist of the International Monetary Fund, said Continue Reading
The Electric Reliability Council of Texas set a new wind output record of 19.2 GW in late Thursday, as a storm system was moving into the area with high wind. Continue Reading
North Dakota’s oil output averaged over 1.39 million b/d in October, up nearly 32,600 b/d from September and another monthly production record, the North Dakota Pipeline Authority reported Friday. The Continue Reading
Occidental Petroleum Corp. will look for ways to cut costs other than dropping rigs, in response to the recent slump in oil prices, according to Chief Executive Officer Vicki Hollub. Continue Reading
US drillers cut four rigs this week. For the second week in a row, the U.S. dropped oil rigs, according to weekly data compiled by Baker Hughes, a GE Company. Continue Reading
A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Continue Reading
California on Friday became the first state to mandate a full shift to electric buses on public transit routes, flexing its muscle as the nation’s leading environmental regulator and bringing Continue Reading
The California Air Resources Board on Friday approved the Innovative Clean Transit regulation (ICT) ( earlier post )—a first-of-its-kind regulation in the US that sets a statewide goal for public Continue Reading
Russia exported 36.65 million barrels (5 million tons) less crude oil in the first ten months of the year, not least because of its participation in the OPEC+ pact to Continue Reading
Cuadrilla has halted fracking operations for a fourth time in the last two months as yet another tremor was recorded near the shale gas company’s Preston new Road site in Continue Reading
Porsche has commissioned a fully electric MAN eTGM ( earlier post ) for logistics operations at its Stuttgart-Zuffenhausen site. The truck is the first vehicle of this kind that has Continue Reading
UN climate talks in Poland were set to drag into the weekend as delegates from the almost 200 countries that signed the Paris accord struggled to reach agreement on the Continue Reading
Delegates at U.N. climate talks in the Polish city of Katowice point to the mining museum next to the conference venue as the proper place for coal, which provides 80 Continue Reading
If you are still looking for the perfect present for an annoying neighbor or unfaithful spouse, there are several services that will send a lump of coal. It would be Continue Reading
Oil prices slipped on Friday after China reported slower economic growth, pointing to lower fuel demand in the world’s biggest oil importer, although market sentiment was supported by supply cuts Continue Reading
The OPEC+ agreement succeeded in at least putting “a floor under prices,” according to a new report from the International Energy Agency. The global supply surplus is not resolved, and Continue Reading
The Organization of the Petroleum Exporting Countries – the oil market institution that has exerted an unyielding power over the price of crude for nearly 60 years – is now Continue Reading
The United Arab Emirates (UAE) is now OPEC’s third-biggest producer, having surpassed Iran whose output has plunged below 3 million bpd with the U.S. sanctions on Iranian oil. The UAE, Continue Reading
On 10 November 2018, Turkey shared with Western and Saudi officials the audio recording that proved Saudi Arabia was responsible for the murder Washington Post columnist Jamal Khashoggi on October Continue Reading
India’s monthly oil imports from Iran plunged to their lowest in a year in November with Tehran dropping two places to become only the sixth biggest supplier after New Delhi Continue Reading
Iranian officials said they will determine whether China’s CNPC breaks accords related to the development of part of the world’s natural gas field in a project known as South Pars Continue Reading
A Venezuelan oil joint venture with a state-owned Chinese company accounting for around 10 percent of the crisis-stricken OPEC member country’s output has nearly doubled production in the past seven Continue Reading
China’s November retail sales grew at their weakest pace since 2003 and industrial output rose the least in nearly three years as the economy lost further momentum, heaping pressure on Continue Reading
Around $150 millions’ worth of oil was stolen from Shell’s biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first Continue Reading
China’s November refinery throughput rose from a year earlier, heading for an annual record, official data indicated on Friday, although the runs eased from highs touched in the previous two Continue Reading
